Sprott Nickel Miners ETF (NASDAQ:NIKL) Shares Shorted: Short Interest Down 45.5% in September

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 3,835 shares, a drop of 45.5% from the September 15th total of 7,033 shares. Based on an average daily trading volume, of 35,267 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Sprott Nickel Miners ETF Price Performance

Shares of Sprott Nickel Miners ETF stock traded down $0.83 on Friday, reaching $11.28. The company had a trading volume of 89,476 shares, compared to its average volume of 187,276. Sprott Nickel Miners ETF has a 1 year low of $11.27 and a 1 year high of $21.85. The firm’s 50-day moving average price is $14.05 and its two-hundred day moving average price is $14.61. The firm has a market cap of $41.85 million, a price-to-earnings ratio of 18.88 and a beta of 0.91.

Hedge Funds Weigh In On Sprott Nickel Miners ETF

A number of large investors have recently bought and sold shares of NIKL. Nwam LLC boosted its stake in shares of Sprott Nickel Miners ETF by 4.8% during the second quarter. Nwam LLC now owns 243,505 shares of the company’s stock valued at $3,091,000 after purchasing an additional 11,250 shares during the period. Militia Capital Management LLC bought a new position in shares of Sprott Nickel Miners ETF during the first quarter valued at approximately $3,535,000. Extract Advisors LLC purchased a new position in Sprott Nickel Miners ETF in the first quarter valued at about $2,802,000. Cetera Investment Advisers purchased a new position in shares of Sprott Nickel Miners ETF in the 1st quarter worth approximately $1,594,000. Finally, AdvisorNet Financial Inc grew its holdings in Sprott Nickel Miners ETF by 921.7% in the first quarter. AdvisorNet Financial Inc now owns 3,065 shares of the company’s stock worth $49,000 after purchasing an additional 2,765 shares during the last quarter.

Sprott Nickel Miners ETF Company Profile

The Sprott Nickel Miners ETF (NIKL) is an exchange-traded fund that is based on the Nasdaq Sprott Nickel Miners index. The fund tracks an index of nickel related companies around the globe. Securities are selected based on revenue and weighted by market-cap. NIKL was launched on Mar 21, 2023 and is issued by Sprott.